Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote

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Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

07:06Hashnote Harbor, announced on Monday by the companies, delivers those returns through a suite of derivatives strategies without the underlying assets ever leaving the custody of Anchorage Digital, according to a press release. Participants can request customized structures to target specific yields or create bespoke hedges for their assets, it said.

“Getting some of the benefits of traditional finance into the crypto ecosystem means the best of both worlds: the decentralization ethos and the broad adoption of the assets,” Anchorage co-founder Nathan McCauley said in an interview. “There are hard-won and wise ways to set things up that traditional capital markets have been figuring out for the last seven or eight decades.”

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